Sonida Senior Living, Inc. · NYSE:SNDA
Sonida Senior Living — FY2021 Earnings Presentation
14 slides from Sonida Senior Living's earnings presentation, Apr 18, 2022
Slide 1: A Leading Owner-Operator of Senior Living Communities and Services
A Leading Owner-Operator of Senior Living Communities and Services Investor Presentation April 18th, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements Forward Looking Statements: The forward-looking statements in this presentation are subject to certain risks and uncertainties that could cause Sonida Senior Living, Inc. (the “Company” and/or “Sonida”) actual results and financial condition to differ materially, including
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures: This presentation contains the financial measures (1) Continuing Community Net Operating Income and (2) Continuing Community Net Operating Income Margin which are not calculated in accordance with U.S. Generally Accepted Accounting Principles
Slide 4: Leading Operator of Senior Housing and Services
Leading Operator of Senior Housing and Services 72 6,000+ 30+ 79.0% Communities Year 2021 Avg Occupancy2 3,000+ Residents 62 Owned1 History 60 owned communities Employees Served 10 Managed Attractive Markets and Resident Demographic 2 Attractive Private Pay Focus 2 15+ Communities 6,974 Units 5 - 14
Slide 5: Accomplishments Q4 '21 and Subsequent Events
Accomplishments Q4 ‘21 and Subsequent Events • Successfully raised $154.8 million in capital through the issuance of Preferred Stock and Common Stock of the Company FINANCIAL • Completed an $80 million refinancing in March 2022 addressing all debt maturities through mid-2024, reducing total debt by
Slide 6: 2019-2021 Balance Sheet and Operational Transformation Achieved
2019-2021 Balance Sheet and Operational Transformation Achieved Closed Strategic Investment Transaction Raising $154.8MM 2019 – 2021 Strategy • Fortified balance sheet and capitalized Company for future growth • Provided capital to position towards stable, sustainable growth and benefit from the ong
Slide 7: 2022 Strategic Priorities
2022 Strategic Priorities Enhance revenue growth through investment in the resident experience and community physical plant Improved offerings developed for memory care, resident wellness and culinary experience Capital improvements completed throughout 2022 support continued occupancy growth Improv
Slide 8: Q4 and Full Year 2021 Financial Comparisons
Q4 and Full Year 2021 Financial Comparisons 4Q21 3Q21 4Q20 FY 2021 FY 2020 Key Takeaways Average Occupancy 81.3% 81.0% 77.4% 79.0% 80.5% • Average occupancy increased 584 basis points between March ’21 and December ‘21 as a result RevPOR $ 3,594 $ 3,578 $ 3,586 $ 3,557 $ 3,586 of continued recovery
Slide 9: Favorable Move-in Trends Continue
Jan '20 Jan '20 Feb '20 Feb '20 Mar '20 Mar '20 Apr '20 Apr '20 May '20 May '20 Jun '20 Jun '20 Jul '20 Jul '20 Aug '20 Aug '20 Sep '20 Sep '20 Oct '20 Oct '20 Data for 60 Sonida Senior Living owned communities Nov '20 Nov '20 Dec '20 Dec '20 Jan '21 Jan '21 Feb '21 Feb '21 Leads Mar '21 Mar '21 Mov
Slide 10: Steady Occupancy Rebound
Steady Occupancy Rebound Quarterly – Quarterly – Pre- Quarterly - Pandemic Pandemic Pandemic Monthly – Pandemic Recovery Recovery 85.7% 85.0% 84.5% 83.8% 84.4% 83.4% 83.2% 83.7% 82.6% 82.6% 82.5% 82.3% 82.3% 82.2% 82.9% 82.0% 81.8% 81.7% 81.6% 82.2% 82.2% 81.4% 81.2% 81.2% 81.2% 80.9% 81.5% 81.3% 81
Slide 11: Sequential Occupancy and Revenue Growth During Pandemic Recovery
Sequential Occupancy and Revenue Growth During Pandemic Recovery Occupancy Average Rent COVID-19 Recovery COVID-19 Recovery Revenue Net Operating Income Margin(1) COVID-19 Recovery COVID-19 Recovery Data for 60 Owned Communities (1) See Non-GAAP financial measures disclosure on slide three of this p
Slide 12: Improved, Sustainable Capital Structure
Improved, Sustainable Capital Structure $154.8MM capital raise significantly enhanced the capital structure and positioned the Company for future growth YE 2021 Capital Structure ($MM) • The successful completion of a $154.8MM capital raise represents a major step in rightsizing the Company’s capita
Slide 13: Recent Positive Momentum
Q4 Key Takeaways Near-Term Long Term Outlook Operating Environment Sharply accelerating Leadership retention in Recent Positive growth of 80+ cohort: 4.1% population CAGR challenging operating Momentum expected from 2020 environment remains to 20301 primary focus Continued occupancy gains; Q4
Slide 14: Sonida Senior Living
@ SOnIDa SENIOR LIVING At Sonida Senior Living, we bring quality senior living to life by focusing on what matters most. We provide comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who trea